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Supplemental Financial Information | 12 Months Ended
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Dec. 31, 2018
Condensed Financial Information of Parent Company Only Disclosure [Abstract] |
Condensed Financial Information of Parent Company Only Disclosure [Text Block] | 34. SUPPLEMENTAL FINANCIAL INFORMATION On June 16, 2016, Emera US Finance LP, (in such capacity, the “Issuer”), issued $3.25 billion USD senior unsecured notes (“U.S. Notes”). The U.S. Notes are fully and unconditionally guaranteed, on a joint and several basis, by Emera (in such capacity, the “Parent Company”) and Emera US Holdings Inc. (in such capacity, the “Guarantor Subsidiaries”). Emera owns, directly or indirectly, all of the limited and general partnership interests in Emera US Finance LP. The following condensed consolidated financial statements present the results of operations, financial position and cash flows of the Parent Company, Subsidiary Issuer, Guarantor Subsidiaries and all other Non-guarantor Subsidiaries independently and on a consolidated basis. Our guarantors were not determined using geographic, service line or other similar criteria, and as a result, the “Parent”, “Subsidiary Issuer”, “Guarantor Subsidiaries” and “Non-guarantor Subsidiaries” columns each include portions of our domestic and international operations. Accordingly, this basis of presentation is not intended to present our financial condition, results of operations or cash flows for any purpose other than to comply with the specific requirements for guarantor reporting. Emera Incorporated Condensed Consolidated Statements of Income
|  | Parent |  | Subsidiary Issuer |  | Guarantor Subsidiaries |  | Non-guarantor Subsidiaries | Eliminations | Consolidated
millions of Canadian dollars |  |  |  |
For the year ended December 31, 2018
Operating revenues | $ | - | $ | - | $ | 4,432 | $ | 2,146 | $ | (54) | $ | 6,524
Operating expenses |  | 45 |  | - |  | 3,468 |  | 1,665 |  | (52) |  | 5,126
Income (loss) from equity investments and subsidiaries |  | 801 |  | - |  | 3 |  | 150 |  | (800) |  | 154
Other income (expenses), net |  | 22 |  | - |  | 20 |  | (27) |  | (38) |  | (23)
Interest expense, net (1) |  | 79 |  | (40) |  | 456 |  | 218 |  | - |  | 713
Income (loss) before provision for income taxes |  | 699 |  | 40 |  | 531 |  | 386 |  | (840) |  | 816
Income tax expense (recovery) |  | (47) |  | 9 |  | 64 |  | 43 |  | - |  | 69
Net income (loss) |  | 746 |  | 31 |  | 467 |  | 343 |  | (840) |  | 747
Non-controlling interest in subsidiaries |  | - |  | - |  | - |  | (1) |  | 2 |  | 1
Preferred stock dividends |  | 36 |  | - |  | 38 |  | 4 |  | (42) |  | 36
Net income (loss) attributable to common shareholders | $ | 710 | $ | 31 | $ | 429 | $ | 340 | $ | (800) | $ | 710
Comprehensive income (loss) of Emera Incorporated | $ | 1,249 | $ | 56 | $ | 973 | $ | 439 | $ | (1,468) | $ | 1,249
For the year ended December 31, 2017
Operating revenues | $ | - | $ | - | $ | 4,274 | $ | 2,009 | $ | (57) | $ | 6,226
Operating expenses |  | 41 |  | - |  | 3,241 |  | 1,583 |  | (57) |  | 4,808
Income (loss) from equity investments and subsidiaries |  | 337 |  | - |  | 1 |  | 122 |  | (336) |  | 124
Other income (expenses), net |  | 38 |  | - |  | 15 |  | (46) |  | (32) |  | (25)
Interest expense, net (1) |  | 84 |  | (40) |  | 451 |  | 203 |  | - |  | 698
Income (loss) before provision for income taxes |  | 250 |  | 40 |  | 598 |  | 299 |  | (368) |  | 819
Income tax expense (recovery) |  | (44) |  | 17 |  | 511 |  | 36 |  | - |  | 520
Net income (loss) |  | 294 |  | 23 |  | 87 |  | 263 |  | (368) |  | 299
Non-controlling interest in subsidiaries |  | - |  | - |  | - |  | 1 |  | 4 |  | 5
Preferred stock dividends |  | 28 |  | - |  | 29 |  | 13 |  | (42) |  | 28
Net income (loss) attributable to common shareholders | $ | 266 | $ | 23 | $ | 58 | $ | 249 | $ | (330) | $ | 266
Comprehensive income (loss) of Emera Incorporated | $ | (6) | $ | 3 | $ | (291) | $ | 265 | $ | 23 | $ | (6)
(1) Interest expense is net of interest revenue. |  |  |  |  |  |  |  |  |  |  |  |
Emera Incorporated Condensed Consolidated Balance Sheets
|  | Parent | Subsidiary Issuer |  | Guarantor Subsidiaries | Non-guarantor Subsidiaries | Eliminations | Consolidated
millions of Canadian dollars |  |
As at December 31, 2018
Assets |  |  |  |  |  |  |  |  |  |  |  |
Current assets | $ | 146 | $ | 67 |  | 1,767 | $ | 1,096 | $ | (244) | $ | 2,832
Property, plant and equipment |  | 24 |  | - |  | 13,745 |  | 4,946 |  | (3) |  | 18,712
Other assets |  |  |  |  |  |  |  |  |  |  |  |
Regulatory assets |  | - |  | - |  | 645 |  | 759 |  | - |  | 1,404
Goodwill |  | - |  | - |  | 6,208 |  | 105 |  | - |  | 6,313
Other long-term assets |  | 11,457 |  | 4,660 |  | 971 |  | 3,200 |  | (17,235) |  | 3,053
Total other assets |  | 11,457 |  | 4,660 |  | 7,824 |  | 4,064 |  | (17,235) |  | 10,770
Total assets | $ | 11,627 | $ | 4,727 | $ | 23,336 | $ | 10,106 | $ | (17,482) | $ | 32,314
Liabilities and Equity |  |  |  |  |  |  |  |  |  |  |  |
Current liabilities | $ | 368 | $ | 695 | $ | 2,829 | $ | 926 | $ | (265) | $ | 4,553
Long-term liabilities |  |  |  |  |  |  |  |  |  |  |  |
Long-term debt |  | 2,906 |  | 3,709 |  | 10,243 |  | 4,428 |  | (6,994) |  | 14,292
Deferred income taxes |  | - |  | 3 |  | 668 |  | 643 |  | 6 |  | 1,320
Regulatory liabilities |  | - |  | - |  | 2,118 |  | 241 |  | - |  | 2,359
Other long-term liabilities |  | 36 |  | - |  | 874 |  | 543 |  | (21) |  | 1,432
Total long-term liabilities |  | 2,942 |  | 3,712 |  | 13,903 |  | 5,855 |  | (7,009) |  | 19,403
Total Emera Incorporated equity |  | 8,317 |  | 320 |  | 6,604 |  | 3,303 |  | (10,227) |  | 8,317
Non-controlling interest in subsidiaries |  | - |  | - |  | - |  | 22 |  | 19 |  | 41
Total equity |  | 8,317 |  | 320 |  | 6,604 |  | 3,325 |  | (10,208) |  | 8,358
Total liabilities and equity | $ | 11,627 | $ | 4,727 | $ | 23,336 | $ | 10,106 | $ | (17,482) | $ | 32,314
As at December 31, 2017
Assets |  |  |  |  |  |  |  |  |  |  |  |
Current assets | $ | 358 | $ | 30 |  | 1,420 | $ | 891 | $ | (173) | $ | 2,526
Property, plant and equipment |  | 17 |  | - |  | 12,258 |  | 4,720 |  | - |  | 16,995
Other assets |  |  |  |  |  |  |  |  |  |  |  |
Regulatory assets |  | - |  | - |  | 587 |  | 686 |  | - |  | 1,273
Goodwill |  | - |  | - |  | 5,709 |  | 96 |  | - |  | 5,805
Other long-term assets |  | 9,761 |  | 4,285 |  | 156 |  | 3,094 |  | (15,089) |  | 2,207
Total other assets |  | 9,761 |  | 4,285 |  | 6,452 |  | 3,876 |  | (15,089) |  | 9,285
Total assets | $ | 10,136 | $ | 4,315 | $ | 20,130 | $ | 9,487 | $ | (15,262) | $ | 28,806
Liabilities and Equity |  |  |  |  |  |  |  |  |  |  |  |
Current liabilities | $ | 129 | $ | 12 | $ | 3,293 | $ | 714 | $ | (202) | $ | 3,946
Long-term liabilities |  |  |  |  |  |  |  |  |  |  |  |
Long-term debt |  | 2,861 |  | 4,034 |  | 8,468 |  | 4,262 |  | (6,485) |  | 13,140
Deferred income taxes |  | - |  | 4 |  | 447 |  | 565 |  | 7 |  | 1,023
Regulatory liabilities |  | - |  | - |  | 1,888 |  | 354 |  | - |  | 2,242
Other long-term liabilities |  | 34 |  | - |  | 691 |  | 550 |  | (24) |  | 1,251
Total long-term liabilities |  | 2,895 |  | 4,038 |  | 11,494 |  | 5,731 |  | (6,502) |  | 17,656
Total Emera Incorporated equity |  | 7,112 |  | 265 |  | 5,343 |  | 2,970 |  | (8,578) |  | 7,112
Non-controlling interest in subsidiaries |  | - |  | - |  | - |  | 72 |  | 20 |  | 92
Total equity |  | 7,112 |  | 265 |  | 5,343 |  | 3,042 |  | (8,558) |  | 7,204
Total liabilities and equity | $ | 10,136 | $ | 4,315 | $ | 20,130 | $ | 9,487 | $ | (15,262) | $ | 28,806
Emera Incorporated |  |  |  |  |  |  |  |  |  |  |  |
Condensed Consolidated Statements of Cash Flows
|  | Parent | Subsidiary Issuer |  | Guarantor Subsidiaries | Non-guarantor Subsidiaries | Eliminations | Consolidated
millions of Canadian dollars |  |
As at December 31, 2018
Net cash provided by (used in) by operating activities | $ | 191 | $ | 35 | $ | 1,266 | $ | 465 | $ | (267) | $ | 1,690
Investing activities |  |  |  |  |  |  |  |  |  |  |  |
Additions to property, plant and equipment |  | (9) |  | - |  | (1,687) |  | (466) |  | - |  | (2,162)
Net purchase of investments subject to significant influence |  | - |  | - |  | (16) |  | (33) |  | - |  | (49)
Other investing activities |  | (489) |  | - |  | 3 |  | (65) |  | 572 |  | 21
Net cash provided by (used in) investing activities |  | (498) |  | - |  | (1,700) |  | (564) |  | 572 |  | (2,190)
Financing activities |  |  |  |  |  |  |  |  |  |  |  |
Change in short-term debt, net |  | - |  | - |  | (162) |  | - |  | - |  | (162)
Proceeds from long-term debt |  | - |  | - |  | 1,174 |  | 75 |  | (194) |  | 1,055
Retirement of long-term debt |  | - |  | - |  | (716) |  | (41) |  | - |  | (757)
Net borrowings (repayments) under committed credit facilities |  | 136 |  | - |  | (103) |  | 178 |  | 110 |  | 321
Issuance of common and preferred stock |  | 301 |  | - |  | 319 |  | 127 |  | (446) |  | 301
Dividends paid |  | (382) |  | - |  | (37) |  | (311) |  | 348 |  | (382)
Other financing activities |  | - |  | - |  | - |  | 91 |  | (123) |  | (32)
Net cash provided by (used in) financing activities |  | 55 |  | - |  | 475 |  | 119 |  | (305) |  | 344
Effect of exchange rate changes on cash, cash equivalents and restricted cash |  | (4) |  | 2 |  | 9 |  | 18 |  | - |  | 25
Net increase (decrease) in cash, cash equivalents and restricted cash |  | (256) |  | 37 |  | 50 |  | 38 |  | - |  | (131)
Cash, cash equivalents and restricted cash, beginning of year |  | 276 |  | 21 |  | 54 |  | 152 |  | - |  | 503
Cash, cash equivalents and restricted cash, end of year | $ | 20 | $ | 58 | $ | 104 | $ | 190 | $ | - | $ | 372
As at December 31, 2017
Net cash provided by (used in) operating activities | $ | 195 | $ | 22 | $ | 658 | $ | 1,080 | $ | (762) | $ | 1,193
Investing activities |  |  |  |  |  |  |  |  |  |  |  |
Additions to property, plant and equipment |  | (5) |  | - |  | (1,031) |  | (480) |  | (13) |  | (1,529)
Net purchase of investments subject to significant influence |  | - |  | - |  | - |  | (213) |  | - |  | (213)
Other investing activities |  | (742) |  | (26) |  | (5) |  | 1,852 |  | (1,098) |  | (19)
Net cash provided by (used in) investing activities |  | (747) |  | (26) |  | (1,036) |  | 1,159 |  | (1,111) |  | (1,761)
Financing activities |  |  |  |  |  |  |  |  |  |  |  |
Change in short-term debt, net |  | - |  | - |  | 365 |  | (13) |  | - |  | 352
Proceeds from long-term debt |  | - |  | - |  | 147 |  | (31) |  | 13 |  | 129
Retirement of long-term debt |  | - |  | - |  | (413) |  | (55) |  | 15 |  | (453)
Net borrowings (repayments) under committed credit facilities |  | (30) |  | - |  | 59 |  | 192 |  | 9 |  | 230
Issuance of common and preferred stock |  | 682 |  | - |  | 134 |  | (2,032) |  | 1,898 |  | 682
Dividends paid |  | (315) |  | - |  | (29) |  | (285) |  | 314 |  | (315)
Other financing activities |  | 290 |  | - |  | 96 |  | (42) |  | (376) |  | (32)
Net cash provided by (used in) financing activities |  | 627 |  | - |  | 359 |  | (2,266) |  | 1,873 |  | 593
Effect of exchange rate changes on cash, cash equivalents and restricted cash |  | 1 |  | (3) |  | 1 |  | (12) |  | - |  | (13)
Net increase (decrease) in cash, cash equivalents and restricted cash |  | 76 |  | (7) |  | (18) |  | (39) |  | - |  | 12
Cash, cash equivalents and restricted cash, beginning of year |  | 200 |  | 28 |  | 72 |  | 191 |  | - |  | 491
Cash, cash equivalents and restricted cash, end of year | $ | 276 | $ | 21 | $ | 54 | $ | 152 | $ | - | $ | 503

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- Definition The entire disclosure for condensed financial information, including the financial position, cash flows, and the results of operations of the registrant (parent company) as of the same dates or for the same periods for which audited consolidated financial statements are being presented. Alternatively, the details of this disclosure can be reported by the specific parent company taxonomy elements, indicating the appropriate date and period contexts in an instance document. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 10 -Section S99 -Paragraph 3 -Subparagraph (SX 210.7-05(c)(Schedule II)) -URI http://asc.fasb.org/extlink&oid=6879921&loc=d3e569147-122900 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 45 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=96868048&loc=d3e5283-111683 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 235 -Section S99 -Paragraph 2 -Subparagraph (SX 210.9-06) -URI http://asc.fasb.org/extlink&oid=6882215&loc=d3e537971-122884 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 10 -Section S99 -Paragraph 6 -Subparagraph (SX 210.5-04(c)(Schedule I)) -URI http://asc.fasb.org/extlink&oid=27047687&loc=d3e5864-122674 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 3 -Subparagraph (SX 210.12-04) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e24072-122690 + Details
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